The number of oil rigs, an indicator of short-term production in the country, fell to 478 for the week ending January 17. The number of US oil rigs fell by 19 compared to one year ago.

Petrol prices in Nigeria have increased to between N1,050 and N1,150 per litre, varying by location after Dangote increased its prices.

With the 2025 national budget targeting crude oil production of 2.062 million barrels per day (bpd) at $75 per barrel, the ...

Oil prices saw a strong start in 2025, with Brent oil rising over 9% in January. Factors such as fresh US sanctions on ...

State senators have thrown their support behind two measures designed to incentivize enhanced oil recovery production in Wyoming. On Friday, the Senate Minerals, Business and Economic Development ...

Crude’s rally continued this week on the heels of the Biden administrations announcement of new sanctions against several ...

Rystad Energy analysis shows that U.S. shale producers are prioritizing capital discipline over growth, and Trump administration policies are unlikely to significantly change this trend.

It noted that marketers buying between two million and 4.99 million litres would now buy at N955/litre, while five million litres and above would buy at N950/litre.

Guyana's economy achieved its fifth consecutive year of double-digit growth in 2024, expanding 43.6% as oil output and ...

Oil minister Hardeep Singh Puri on multiple occasions has said that the government is also constantly engaging with international oil and gas companies to boost domestic output.

Read about the rig count, oil prices, Petronas and more in the latest Market Talks covering energy and utilities.

Oil futures settled lower on Friday, but scored a fourth straight week of gains after wider sanctions against Russia's energy industry tightened supply. Uncertainty also remains over President-elect ...